Camp Verde, Arizona Property Taxes
The median property tax rate in Camp Verde, AZ is 0.51%, considerably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With the median home value in Camp Verde at $261,266, the typical annual property tax bill reaches $1,226, falling below the national median of $2,690. Property taxes in Camp Verde are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Camp Verde's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Camp Verde or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Camp Verde, Arizona Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,120
Ownwell’s CAMP VERDE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CAMP VERDE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CAMP VERDE to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Camp Verde, Arizona
Property taxes in Camp Verde, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camp Verde is 0.51%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Camp Verde set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camp Verde estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Camp Verde's effective property tax rate to other counties in Arizona and the national median. For comparison, the 86322 zip code has the highest median property tax rate of 0.51%, while the 86322 zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Camp Verde provides valuable insights into the varying tax landscape across Yavapai County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camp Verde Tax Rate
0.51%
Average Yavapai County Tax Rate
0.44%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camp Verde, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86322 | 0.37% | 0.42% | 0.51% | 0.63% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Camp Verde, Arizona
In Camp Verde, Arizona, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Yavapai County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Camp Verde, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Camp Verde helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Camp Verde is $261,266, with median tax bills ranging from $617 at the 25th percentile to $2,620 at the 90th percentile. The highest and lowest median tax bills are both $1,226 in zip code 86322.
Average Camp Verde Assessed Value
$261,266
Average Yavapai County Assessed Value
$367,324
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camp Verde, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86322 | $58,914 | $103,777 | $261,266 | $393,787 | $554,092 |
Source: Ownwell
Property Tax Bills Across Camp Verde, Arizona
In Camp Verde, located in Yavapai County, AZ, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. The assessed value is typically a percentage of the market value of the property, which is determined by the county assessor. Several factors influence this assessed value, including the property's size, age, location, and any improvements made. Homeowners in Camp Verde experience a range of property tax bills. For instance, the 25th percentile tax bill is around $617, while the 75th percentile reaches up to $1,897. At the 90th percentile, homeowners might see tax bills as high as $2,620. With the national median property tax rate at 0.99%, Camp Verde homeowners can compare their rates to understand how local taxes stack up against the national average. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community.
Average Camp Verde Tax Bill
$1,226
Average Yavapai County Tax Bill
$1,504
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Camp Verde, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86322 | $347 | $617 | $1,226 | $1,897 | $2,620 |
Source: Ownwell